Subsidiary of Oriental Pearl Group (600637.SH) signs audiovisual program content authorization and management agreement with controlling shareholder.

Oriental Pearl Group (600637.SH) announced that its wholly-owned subsidiary Shanghai Wanan Communication Co., Ltd. (referred to as "Wanan Communication") signed a "Audio-Visual Program Content Authorization and Operation Agreement" with the controlling shareholder Shanghai Culture Broadcasting and Film Group Co., Ltd. (referred to as "Shanghai Wenguang Group"). Shanghai Wenguang Group agrees to grant Wanan Communication the rights to use "Wenguang Group's audio-visual program content" and "audio-visual program content rights" in a paid and exclusive manner for external authorization. Wanan Communication can operate various forms of copyrights and related rights on behalf of Shanghai Wenguang Group's audio-visual program content.